It was from Laâyoune that King Mohammed VI rolled out on Friday his programme for Western Sahara. It is, according to the king, about adopting a “new methodology” which will permit “to strengthen the influence of the Sahara, as an economic centre and as a link between Morocco and its African extension”, he declared, wanting “a split” from windfall policies, centralised administration...

As a way of identifying, rewarding as well as supporting the youth with the best projects (less than 2 years old) in enterprise creation and development, Total Uganda on Sunday, launched the Startupper Challenge of the Year. The challenge is a $37,000 competition launched in 33 other African countries for youths from 35 years and below.  They are to compete for economic support,...

Totalgaz just signed a contract with KayaGas to buy its storage, filling and distribution assets. Under this agreement, KayaGas, is to continue import of Liquefied Petroleum Gas (LPG) in the country.   Whilst the agreement is awaiting approval by the South African Competition Commission, Totalgaz’s Managing Director, Vincent Scarmure, said: “it is an exciting opportunity to provide our...

Towards establishing Equatorial Guinea as the first storage location for oil and petroleum products in West and Central Africa, SacOil is to join the association of Taleveras Group, Gunvor Group and the Strategic Fuel Fund in developing the Bioko Oil Terminal tank farm. The facility will be led by the country’s Ministry of Mines, Industry and Energy. “The entry of a fourth partner company...

Africa Oil Corp. has signed a decisive farm-out agreement with Maersk Oil and Gas A/S a subsidiary of Maersk Group. The agreement allows Maersk to acquire 50% of Africa Oil’s interests in the 10BB, 13T and 10BA Blocks in Kenya as well as the Rift Basin and South Omo Blocks in Ethiopia. At the end of the transaction, Maersk is to repay Africa Oil $350 million for about 50% of past costs...

Based on a recent 3D Seismic Data study from the Chad Basin, Nigeria is about to discover a substantial quantity of oil in Lake Chad, according to the Nigerian National Petroleum Corporation (NNPC). NNPC’s Group Managing Director, Ibe Kachikwu, disclosed this during his presentation at the Petroleum Club in Lagos. He added that the corporation was putting a lot of efforts into Oil exploration...

Ethiopia is considering building a new big airport with a capacity of 120 million passengers per year, in the outskirts of the capital Addis Ababa, for an investment of USD 4 billion, the website “Focus on Travel News” reported on 4 November. The new international airport, which construction would span ten years, will have many passenger terminals, four landing strips, and an airport city,...

Angola raised USD 1.5 billion through a Eurobond with a maturity of 10 years which rate was set at 9.5%, the minister of Finance, Armando Manuel (photo), announced on 5 November. For its first foray on the international bond market, Angola thus had to pay an interest rate far higher than scheduled for. The second producer of crude oil in Africa after Nigeria had indeed specified at the end of...

Alain-Claude Bilie By Nze (photo), minister of Communication and spokesperson for the Gabonese government, declared yesterday that “the Republic’s government, guarantor of the social peace and national unity, decided, without prejudice toward the decisions that the National Communication Council could take, to empower the General Prosecutor to introduce a lawsuit against the weekly ‘La...

For the Angolan Journalists’ Union, the minimum wage of a journalist should be of 250,000 kwanzas, approximately USD 1847. All media groups, whether public or private are invited to use this scale. The announcement was made by the general secretary of the organisation, Teixeira Cândido. This was on 22 October 2015 during the inauguration ceremony for the new members of the union. In Angola,...